Latest SPAC Liquidations: Rocket Internet Growth Opportunities, Silver Spike II, and Corazon Capital
Rocket Internet Growth Opportunities Corp. (RKTA) to Liquidate on March 24
Rocket Internet Growth Opportunities Corp. (NYSE:RKTA) a special purpose acquisition company, announced today that it intends to redeem all of the outstanding Class A ordinary shares at a per-share redemption price of approximately $10.22, and thereafter will dissolve and liquidate.
The Company expects that the last day of trading of the Public Shares on the New York Stock Exchange will be March 24.
READSilver Spike Acquisition Corp. II (SPKB) to Liquidate on March 27
Silver Spike Acquisition Corp II (NASDAQ:SPKB) announced today that it will redeem all of its outstanding Class A ordinary shares, effective March 27, 2023.
Net of taxes and dissolution expenses, the per-share redemption price for the Class A Ordinary Shares is expected to be approximately $10.22
READCorazon Capital V838 Monoceros Corp. (CRZN) to Liquidate on March 24
Corazon Capital V838 Monoceros Corp. (NASDAQ:CRZN) will redeem all of its outstanding Class A ordinary shares, at a per share-redemption price to be announced at a later date, with such redemption anticipated to be effective on March 27, 2023.
The Company anticipates that the last day of trading in the Class A ordinary shares will be March 24, 2023.
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Home Plate (NASDAQ:HPLT) has entered into a definitive agreement to combine with shipping company Heidmar at an anticipated enterprise value of $214.4 million, or 7.2x its 2023E EBITDA. Athens-based Heidmar operates an asset-light shipbroking network providing access to a pool of 60 fuel tanker and dry bulk ships. The combined company is expected to trade...
two (NYSE:PIAI) announced in an 8-K this morning that it has pushed back its special meeting one week from March 24 to 10 am ET, March 31. Shareholders at the meeting will consider a proposal to extend its transaction deadline from April 1 to January 1, 2024. The SPAC’s sponsor has not yet offered to...
Terms Tracker for the Week Ending March 17, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. Despite this week’s headlines about bank failures, EF Hutton managed to file both a new S-1 registration statement and price an IPO. They should have...
Latest SPAC Liquidations: Northern Genesis III, MSD, and Tech and Energy Transition Corp. Northern Genesis Acquisition Corp. III (NGC) to Liquidate on March 24 Northern Genesis III (NYSE:NGC) announced that it will redeem all outstanding shares effective as of the close of business on March 27. Shares will cease trading on March 24 and the per-share...
Tech and Energy Transition Corp. (NASDAQ: TETC) announced this afternoon that its shareholders have voted against a proposal to extend the SPAC’s timeline to complete a business combination. Holders of 38,069,946 shares of TETC’s common stock, comprised of 28,495,396 shares of Class A common stock, and 9,575,000 shares of Class B common stock, were present at...